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STOCKS-JAPAN-OPEN-MARKETS
Tokyo stocks opens higher on US-China trade talks
TOKYO, Jan 9, 2019 (BSS/AFP) – Tokyo stocks opened higher on Wednesday on
signs of progress in US-China trade talks, extending rallies on global
bourses.
The benchmark Nikkei 225 index was up 0.85 percent or 171.41 points at
20,375.45 in early trade, while the broader Topix index was up 0.95 percent
or 14.45 points at 1,532.88.
US President Donald Trump boasted Tuesday that US-China trade negotiations
were going “very well” as officials held talks in Beijing that will spill
into a third day.
A member of the US delegation said the two sides would resume talks on
Wednesday as they continue their first face-to-face meetings since Trump and
Chinese President Xi Jinping agreed to a tariff truce during a meeting in
Argentina on December 1.
“Talks with China are going very well!” Trump said on Twitter, but gave no
further information.
“Expectations for progress in US-China trade talks are supporting the
market,” while technical factors linked to the settlement of derivatives may
prompt volatile trade, Kyoko Amemiya, senior market advisor of SBI
Securities, told AFP.
The dollar fetched 108.77 yen in early Asian trade, against 108.79 yen in
New York.
In Tokyo, Sony was up 1.22 percent at 5,422 yen and Panasonic was up 3.45
percent at 1,047.5 yen.
Takeda Pharmaceutical was up 2.41 percent at 4,185 yen and its rival
Daiichi Sankyo was up 2.27 percent at 3,645 yen.
BSS/AFP/HR/0920